Despite the climate change crisis that threatens to engulf us all, the quest for new hydrocarbon resources goes on relentlessly. One of the key tools in that process is seismic survey – both 2D and 3D.
Carbon capture and storage remains firmly on the agenda as a way of mitigating at least some of the impacts of climate change.
I think it’s not unreasonable to say that for oil and gas the two innovations that have had the most impact are horizontal drilling and 3D seismic.
French geoscience firm CGG said today it had inked a contract to process seismic data for Shell in Brunei for six years.
TGS said it will acquire more than 11,500 km of 2D seismic data in the Republic of Guinea, Guinea Bissau and Senegal.
Oil and gas authorities in Russia and Norway will share seismic data from the Barents Sea under a new agreement.
A European monitoring agency has reported a 5.0 magnitude quake near North Korea’s north-eastern nuclear test site.
SeaBird Exploration said the company will acquire a long offset 2D multi-client survey in the Barents Sea.
TGS has seen its revenues increase in the second quarter of the year up 79% compared to earlier in 2016.
TGS and Schlumberger have begun the acquisition of a number of surveys in the US Gulf of Mexico.
Industry regulator the Oil and Gas Authority (OGA) has awarded contracts for a second UK Government-funded £20million seismic campaign aimed at boosting North Sea exploration.
Fugro has deployed multi-purpose offshore vessel the Fugro Gauss to join one of its other vessels in Mexico as it completes the world’s largest seep-hunting survey for TGS.
The downturn in offshore oil and gas shipping activity has hit the sector hard with Norwegian player GC Rieber the latest to report drastic reduction in revenue.
TGS said it plans to acquire more than 36,000km of 2D seismic data using two vessels during its 2016 season.
TGS said it expects its net revenues for the first quarter of this year to be $64million.
TGS has appointed a new chief executive to take over the company.
Baron Oil today said new seismic data had boosted its confidence levels in its ability to leverage acreage onshore Peru.
The Oil and Gas Authority has launched a £500,000 competition aimed at unlocking the North Sea's exploration potential.
Polarcus has received a Letter of Intent for a 4D project over a field offshore Norway.
Prime Minster David Cameron last night revealed more money could be on its way to Aberdeen after it was revealed the City Deal could be worth £1.2billlion to the area.
PGS (Petroleum Geo-Services) said it expects its multiclient library to be written down by $105million. The company said the library is accounted for on a survey by survey bases with any write downs normally related to surveys where the low oil price has had an impact.
Baron Oil said steady progress is being made on the seismic acquisition of data onshore Peru. The company said GSS began the onshore data acquisition last month as it looked to collect the first ever 2D seismic programme on Block XXI.
Rosneft has completed a seismic first as part of its geological exploration programme.
Seismic player EMGS has won a $1.5million deal with a company to carry out work in the Gulf of Mexico. The deal, with the unnamed firm, will see data from EMGS' multi-clinet library used at the Daybreak Project in the west of the Gulf.
Seismic company CGG said it plans to launch a $379million capital increase in a bid to finance its transformation plan following the decline in oil price. The French firm plans to make the move, which would help support an on-going reorganisation process.